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Saveoun's Group
In this Group: Saveoun, Leng , Savorn, Srey Leap, Sokhorn, Sophea, Vanna, Chanthy, Saroeun
Mrs. Savoeun N., 49, is the president selected by the nine members of this village group loan, located in Samraong Káe village in Kandal province. The members of this group will use their portions of the loan to support their different purposes.

Mrs. Savoeun N. breeds fish at home while her husband, Mr. K. Khoem, is a fisherman. With these occupations, they are able to earn a small income to support their family. In order to support her husband's fishing business, Mrs. Savoeun N. has requested a loan from AMK to buy fishnets. This couple has five children: one is a seamstress in a a garment factory and the other four are students who also help out with their parents' businesses.

Additional Information

About AMK

Angkor Microfinance Kampuchea (AMK) is a leading microfinance institution in Cambodia with a wide reach of operations. AMK works with over 6,000 villages and serves clients in every Cambodian province. With an average loan size of US$115, AMK’s focus is to provide credit and savings products to the very poor in rural areas. For more information, please visit AMK's website.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Cambodia

  • $2,600
    Average annual income
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $36,207,750
    Funds lent in using Kiva
  • 4,252.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Saveoun's Group's $1,175 loan helped a member to buy fishnets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2010
Listed
Sep 1, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 1, 2011